|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MUNDITEXTIL-COMERCIO INTERNACIONAL DE TEXTEIS UNIPESSOAL LDA |
|
|
|
|
Registered Office : |
Parque Industrial do Lavradio, Apartado 3 Lavradio 2836-908-Lavradio Barreiro Setubal |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
20.12.1983 |
|
|
|
|
Com. Reg. No.: |
501411569 |
|
|
|
|
Legal Form : |
One Man Company |
|
|
|
|
Line of Business : |
Subject trade in textile products |
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|
|
|
No. of Employees : |
02 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Portugal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
PORTUGAL - ECONOMIC OVERVIEW
Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. The economy contracted 2.5% in 2009, before growing 1.4% in 2010, but GDP fell again in 2011 and 2012, as the government began implementing spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, agreed to in May 2011. GDP per capita stands at roughly two-thirds of the EU-27 average. Portugal also has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a destination for foreign direct investment, in part because its rigid labor market hindered greater productivity and growth. However, the government of Pedro PASSOS COELHO has enacted several measures to introduce more flexibility into the labor market, and, this, along with steps to reduce high levels of public debt, could make Portugal more attractive to foreign investors. The government reduced the budget deficit from 10.1% of GDP in 2009 to 4.5% in 2011, an achievement made possible only by the extraordinary revenues obtained from the one-time transfer of bank pension funds to the social security system. The budget deficit worsened in 2012 as a sharp reduction in domestic consumption took a bigger bite out of value-added tax revenues while rising unemployment benefits increased expenditures more than anticipated. Poor growth prospects over the next year have reinforced investors' concerns about the government's ability to achieve its budget deficit targets and regain full access to bond market financing when the EU-IMF financing program expires in 2013
|
Source
: CIA |
|
Name |
MUNDITEXTIL-COMERCIO INTERNACIONAL DE TEXTEIS UNIPESSOAL LDA |
|
IIC Number |
229214 |
|
V.A.T. Number / NIF |
501411569 |
|
Address |
Parque Industrial do Lavradio, Apartado 3 |
|
Locality |
Lavradio |
|
Postal Code |
2836-908-LAVRADIO |
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Municipality |
BARREIRO |
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District |
SETUBAL |
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Telephone |
212064246 |
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Fax |
212067020 |
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E-Mail |
geral@munditextil.pt |
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Web Site |
www.munditextil.pt |
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|
|
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C.A.E.(Rev 3) |
13101- Preparation and spinning fiber-type cotton |
|
Legal Form |
One Man Company |
|
Constitution |
20-12-1983 |
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V.A.T. Number / NIF |
501411569 |
|
Employees |
2 |
|
Capital |
49.879,79 |
|
Sales in : 31-12-2012 |
5.903.400,28 |
|
Shareholders Funds in: 31-12-2012 |
895.450,16 |
|
Payments |
Good |
|
|
31-12-2010 |
|
31-12-2011 |
|
31-12-2012 |
|
Net Sales |
6.709.508,99 |
6.322.987,29 |
5.903.400,28 |
||
|
Net Income For the Year |
90.687,16 |
230.487,79 |
125.383,58 |
||
|
Shareholders Funds |
539.578,79 |
770.066,58 |
895.450,16 |
||
|
Stocks |
903.070,36 |
1.012.354,15 |
573.155,73 |
||
|
LIABILITY |
2.928.263,21 |
2.485.061,46 |
1.604.561,40 |
||
|
ASSETS |
3.467.842,00 |
3.255.128,04 |
2.500.011,56 |
|
Consulted sources say that the subject has been respecting its payments and commercial commitments, so credit connections with this company are recommended. |
|
JOAO RODRIGO GUEDES DE CASTRO PEREIRA |
Manager |
|
DIOGO ABECASSIS DOTTI |
Manager |
|
Registed on the Register Record Office of Lisboa in 4ªSecçăo with the Register Number 501411569 previous number 58821 in 20-12-1983 |
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Constitution celebrated in 20-12-1983 |
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To oblige the company it is necessary 2 signature |
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Changes to Society |
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In 21-02-2001 on Diário da República number 113 of 16-05-2001 change in to a one man company |
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In 27-08-1991 on Diário da República number 139 of 19-06-1992 manager change |
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The Capital is 49.879,79 |
|
|
with the following distribution |
|
FISIPE-FIBRAS SINTETICAS DE PORTUGAL SA |
49.879,79 |
100% |
|
|
|
|
Name |
JOAO RODRIGO GUEDES DE CASTRO PEREIRA |
|
Funtion |
Manager |
|
Address |
Rua Joăo Afonso Taveiro, 12 |
|
Locality |
Cascais |
|
Civil State |
Married |
|
Professional Connections |
The subject has connections with the following company (ies) |
|
|
SIULE-SOCIEDADE DE INVESTIMENTOS TURISTICOS DO SUL SA as Administrator . |
|
|
FISIGEN-EMPRESA DE COGERACAO SA as Administrator . |
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|
NEGOFOR SGPS SA as Administrator . |
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GESCASTROPEREIRA SA as Unique Administrator . |
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|
|
|
Name |
DIOGO ABECASSIS DOTTI |
|
Funtion |
Manager |
|
Address |
Herdade do Zambujeiro - Parcela 130 |
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Locality |
Santo Estevao |
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Civil State |
Married |
|
|
|
|
IIC Number |
37900 |
|
NAME |
FISIPE-FIBRAS SINTETICAS DE PORTUGAL SA |
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Funtion |
Partner |
|
Address |
Parque Industrial, Apartado 5 |
|
Locality |
Lavradio |
|
Telephone |
212066000 |
|
Fax |
212075185 |
|
E-Mail |
geral@fisipe.pt |
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C.A.E. |
20600- Manufacture of synthetic or artificial fibers |
|
Line of Business |
Percentage |
|
Industry and trade in textile products |
100% |
|
Type of Clients |
Retailers/Wholesalers |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
0,24% |
Foreign |
99,76% |
|
Imports |
2% |
from |
ESPANHA |
|
Exports |
99,76% |
to |
ESPANHA |
|
DEUTSCHE BANK (PORTUGAL), SA |
Lisboa |
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There are no of incidents on our database |
|
Total |
2 |
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|
|
|
|
|
|
Bonança Insurance Company SA |
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Had head office Rua de Tierno Galvan - Torre 2 - 6º - Salas 611 e 612, Santa Isabel, 1250, LISBOA |
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Head office and installations Parque Industrial do Lavradio, Apartado 3, Lavradio, 2836-908, LAVRADIO, Tel:212064246, Fax:212067020 |
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Balance Sheet
SNC |
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CoinEURO |
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Date31-12-2012 |
|
|
||
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Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
Variaçăo (%) |
|
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|||
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ASSET |
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|||
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|
|
|
|
|
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Non-current assets |
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|||
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Tangible fixed assets |
|
39,68 |
927,76 |
|
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Total |
|
39,68 |
927,76 |
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|
|
|
|
|
|
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Current assets |
|
|
||
|
Inventories |
573.155,73 |
1.012.354,15 |
903.070,36 |
(43,38) |
|
Costumers |
1.597.762,94 |
1.918.534,97 |
2.285.493,08 |
(16,72) |
|
State and other public entities |
227.664,85 |
270.721,22 |
226.324,43 |
(15,90) |
|
Other accounts receivable |
1.534,79 |
5.344,92 |
1.534,79 |
(71,29) |
|
Deferrals |
2.265,17 |
|
|
|
|
Cashier and bank deposits |
97.628,08 |
48.133,10 |
50.491,58 |
102,83 |
|
Total |
2.500.011,56 |
3.255.088,36 |
3.466.914,24 |
(23,20) |
|
TOTAL ASSET |
2.500.011,56 |
3.255.128,04 |
3.467.842,00 |
(23,20) |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
49.879,80 |
49.879,80 |
49.879,80 |
|
|
Other shareholders funds instruments |
4.000.000,00 |
4.000.000,00 |
4.000.000,00 |
|
|
Legal reserves |
9.512,26 |
9.512,26 |
9.512,26 |
|
|
Net retained |
(3.289.325,48) |
(3.519.813,27) |
(3.610.500,43) |
(6,55) |
|
Total |
770.066,58 |
539.578,79 |
448.891,63 |
42,72 |
|
Net income for the period |
125.383,58 |
230.487,79 |
90.687,16 |
(45,60) |
|
TOTAL OF SHAREHOLDERS FUNDS |
895.450,16 |
770.066,58 |
539.578,79 |
16,28 |
|
|
|
|
|
|
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Current liabilities |
|
|
||
|
Suppliers |
1.182.462,89 |
2.149.719,88 |
2.310.298,25 |
(44,99) |
|
Advances from costumers |
|
|
51.426,46 |
|
|
State and other public entities |
|
235,28 |
228,64 |
|
|
Other payable accounts |
422.098,51 |
335.106,30 |
119.836,38 |
25,96 |
|
Deferrals |
|
|
446.473,48 |
|
|
Total |
1.604.561,40 |
2.485.061,46 |
2.928.263,21 |
(35,43) |
|
TOTAL LIABILITIES |
1.604.561,40 |
2.485.061,46 |
2.928.263,21 |
(35,43) |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
2.500.011,56 |
3.255.128,04 |
3.467.842,00 |
(23,20) |
|
|
|
|
|
|
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INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
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INCOME AND EXPENSES |
|
|
||
|
Sales and services |
5.903.400,28 |
6.322.987,29 |
6.709.508,99 |
(6,64) |
|
Variation in production inventories |
(257.396,63) |
109.786,18 |
(533.930,67) |
(334,45) |
|
Cost of goods sold and materials consumed |
(3.457.187,88) |
(3.936.068,80) |
3.612.889,04 |
(12,17) |
|
Suppliers and external services |
(2.068.328,33) |
(2.178.425,62) |
2.316.208,32 |
(5,05) |
|
Impairment of inventories (losses/revearsals) |
2.301,26 |
(37.500,30) |
(7.659,71) |
(106,14) |
|
Impairment of receivables (losses/revearsals) |
|
|
117.962,22 |
|
|
Provisions (increases/reductions) |
|
|
(16.263,52) |
|
|
Other income and gains |
15.490,66 |
51.682,45 |
172.335,72 |
(70,03) |
|
Other expenses and losses |
(12.856,10) |
(101.085,33) |
220.046,26 |
(87,28) |
|
Result before depreciation, financing costs and taxes |
125.423,26 |
231.375,87 |
104.731,43 |
(45,79) |
|
Expenses/reversals of depreciation and amortization |
(39,68) |
(888,08) |
1.364,27 |
(95,53) |
|
Operating result (before financing costs and taxes) |
125.383,58 |
230.487,79 |
103.367,16 |
(45,60) |
|
Interest and similar income obtained |
|
|
1.283,56 |
|
|
interest and similar expenses incurred |
|
|
13.963,56 |
|
|
Net before taxes |
125.383,58 |
230.487,79 |
90.687,16 |
(45,60) |
|
Net profit for the period |
125.383,58 |
230.487,79 |
90.687,16 |
(45,60) |
|
Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
|
|
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TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,14 |
0,299 |
0,168 |
|
|
Assets Profitability |
0,05 |
0,071 |
0,03 |
|
|
Sales Net Profitability |
0,021 |
0,036 |
0,014 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
98,788 |
110,749 |
124,331 |
|
|
Asset Rotation |
2,361 |
1,942 |
1,935 |
|
|
|
|
|
|
|
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SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
1,558 |
1,31 |
1,184 |
|
|
Reduced Liquidity |
1,201 |
0,902 |
0,876 |
|
|
Immediate Liquidity |
0,061 |
0,019 |
0,017 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,358 |
0,237 |
0,156 |
|
|
Solvability |
0,558 |
0,31 |
0,184 |
|
|
Borrowed Capital Structure |
1 |
1 |
1 |
|
|
Debt Structure |
1 |
1 |
1 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
74,656 |
44,51 |
29,957 |
|
|
Financial Leverage Level |
1 |
1 |
1,14 |
|
|
Combined Leverage Level |
74,656 |
44,51 |
34,151 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.